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Mining Equipment Market Trends, Opportunities and Forecasts 2022

Monday, October 24, 2016 10:56
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(Before It's News)

Mining is an extraction process of obtaining coal, minerals,
metals and other such materials from the earth. Mining is an
important sector of the world economy, which generates employment
and provides innumerable resources to other industries. Petroleum,
coal, natural gas, and water are the main products extracted during
mining, in addition to various substances comprising uranium,
diamond, stone, rock, various chemicals, and geologically deposited


The world mining equipment is forecasted to grow at a CAGR of
7.9% during 2016 ‐ 2022, to reach over $150 billion by 2022.
Major factors that boost the demand of mining equipment are rising
demand for metal and mineral commodities and increasing consumption
of natural resources, such as coal, diamond, and uranium. Moreover,
increasing need for mineral fertilizers to improve agricultural
yield supplements the global mining equipment market. Major
challenges for the players operating in the market are increasing
cost of raw materials and strict government regulations. However,
the rising demand for technologically advanced mining equipment,
increasing usage of coal for heating and electricity generation and
increasing construction of roads and railway tracks through hilly
areas present various opportunities for the market growth


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The world mining equipment market is segmented on the basis of
equipment type, application, and geography. By equipment type, the
market is further categorized into six segments: mineral processing
equipment; surface mining equipment; underground mining equipment;
mining drills & breakers; crushing, pulverizing, &
screening equipment and others. By application, the market is
segmented as metal mining, mineral mining, and coal mining.
Geographically, the market is classified into North America,
Europe, Asia-Pacific, and LAMEA. Asia-Pacific is anticipated to be
the largest market of mining equipment during the forecast period.
India, China, Australia, and Indonesia are likely to be the main
revenue-generating countries in Asia-Pacific. The report also
provides a country-wise analysis of the key geographic regions.


Companies profiled in the report are Caterpillar Inc., Komatsu
Ltd., Sandvik, Joy Global, Hitachi Co. Ltd., Atlas Copco, AB Volvo,
Doosan Group, Metso and Liebherr Group.




The report provides a comprehensive analysis of the current
trends and future estimations in the world mining equipment market
to identify the potential investment pockets.

The report presents information regarding key drivers,
restraints, and opportunities with a detailed impact analysis.

Quantitative analysis of the current trends and forecasts from
2016 to 2022 is provided to showcase the financial competency of
the market.

Porter’s Five Force model of the industry and SWOT analysis
illustrate the potency of the buyers & suppliers.

Value chain analysis provides a clear understanding of the roles
of stakeholders involved.


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By Type


Mineral processing equipment

Surface mining equipment

Underground mining equipment

Mining drills & breakers

Crushing, pulverizing, & screening equipment


By Application


Metal mining

Mineral mining

Coal mining

By Geography


North America





Western Europe

Eastern Europe




Rest of APAC


Latin America

Middle East & Africa

Key Players


Caterpillar Inc.

Komatsu Ltd.


Joy Global

Hitachi Co. Ltd.

Atlas Copco

AB Volvo

Doosan Group


Liebherr Group



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Call: +1-646-491-9876
Email: "mailto:[email protected]">[email protected]

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